MTA vs. GLD
Compare and contrast key facts about Metalla Royalty & Streaming Ltd. (MTA) and SPDR Gold Trust (GLD).
GLD is a passively managed fund by State Street that tracks the performance of the Gold Bullion. It was launched on Nov 18, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MTA or GLD.
Correlation
The correlation between MTA and GLD is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
MTA vs. GLD - Performance Comparison
Key characteristics
MTA:
0.36
GLD:
3.00
MTA:
0.94
GLD:
3.77
MTA:
1.10
GLD:
1.51
MTA:
0.23
GLD:
5.65
MTA:
1.07
GLD:
15.43
MTA:
17.78%
GLD:
2.97%
MTA:
53.14%
GLD:
15.34%
MTA:
-81.73%
GLD:
-45.56%
MTA:
-76.15%
GLD:
0.00%
Returns By Period
In the year-to-date period, MTA achieves a 24.30% return, which is significantly higher than GLD's 11.86% return.
MTA
24.30%
15.13%
11.83%
20.93%
-12.37%
N/A
GLD
11.86%
8.66%
16.67%
44.48%
11.90%
8.94%
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Risk-Adjusted Performance
MTA vs. GLD — Risk-Adjusted Performance Rank
MTA
GLD
MTA vs. GLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Metalla Royalty & Streaming Ltd. (MTA) and SPDR Gold Trust (GLD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
MTA vs. GLD - Dividend Comparison
Neither MTA nor GLD has paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
MTA Metalla Royalty & Streaming Ltd. | 0.00% | 0.00% | 0.73% | 0.00% | 0.00% | 0.10% | 0.79% | 2.13% |
GLD SPDR Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MTA vs. GLD - Drawdown Comparison
The maximum MTA drawdown since its inception was -81.73%, which is greater than GLD's maximum drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for MTA and GLD. For additional features, visit the drawdowns tool.
Volatility
MTA vs. GLD - Volatility Comparison
Metalla Royalty & Streaming Ltd. (MTA) has a higher volatility of 15.39% compared to SPDR Gold Trust (GLD) at 3.92%. This indicates that MTA's price experiences larger fluctuations and is considered to be riskier than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.